NEW YORK ( TheStreet) -- Solar Capital (Nasdaq: SLRC) is trading at unusually high volume Friday with 1.1 million shares changing hands. It is currently at four times its average daily volume and trading up $1.56 (+7.5%) at $22.34 as of 1:55 p.m. ET.

Solar has a market cap of $757.8 million and is part of the financial sector and financial services industry. Shares are down 16.1% year to date as of the close of trading on Thursday.

Solar Capital Ltd. is a business development company specializing in investments in leveraged companies, including middle market companies. The company has a P/E ratio of 13.7, above the average financial services industry P/E ratio of 5.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Solar as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Solar Ratings Report.

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